Yes, foreigners can buy property in Italy, and the process is easier than many people expect. This guide explains each step, from getting an Italian tax code to signing the final deed with the notary.
Can Foreigners Really Buy Property in Italy?
Absolutely. There are no restrictions for most foreign buyers, including citizens of the EU, UK, US, Canada, Australia and many other countries. Italy follows a principle of reciprocity: if Italians can buy property in your country, you can buy in Italy.
You don't need to be a resident or citizen, and you can apply for a mortgage as a non-resident buyer.
Step-by-Step: How to Buy Property in Italy as a Foreigner
- Get a codice fiscale (Italian tax code). Every buyer needs one. You can request it from an Italian consulate abroad or from the Agenzia delle Entrate in Italy.
- Open an Italian bank account. Useful for paying deposits and taxes, and usually required by the bank that grants your mortgage. Some banks let you open one remotely.
- Set your budget and check your financing. If you plan to borrow, find out early how much a bank will lend you. Non-residents can usually finance 60–70% of the price. Estimate your budget.
- Search for a property. Use a local real estate agent who works with foreign buyers, or look at private listings on portals such as immobiliare.it and idealista.it.
- Make an offer (proposta d'acquisto). A written offer with a small deposit. If you need a mortgage, make it conditional on loan approval.
- Carry out legal due diligence. Before signing anything binding, have a notary or lawyer check ownership, planning compliance, cadastral records and any mortgages or charges on the property.
- Sign the preliminary contract (compromesso). Both parties commit to the sale and you pay a deposit, typically 10–20% of the price.
- Sign the final deed (rogito) with the notary. Ownership is transferred and the balance is paid. If you don't speak Italian, an interpreter must be present.
- Registration. The notary registers the purchase and the property is officially yours.
Tips for Foreign Buyers
- Choose your own notary. In Italy the buyer usually picks and pays the notary, who must act impartially.
- Get documents translated. Contracts are in Italian; ask for translations of anything you sign.
- Budget for the extras. Taxes, notary and agency fees typically add around 10% to the price of a second home.
Own Your Dream Home in Italy, Wherever You Are
Buying property in Italy as a foreigner doesn't have to be complicated. Follow the steps in order, take advice where you need it and you'll have a clear path from first viewing to keys in hand. Read our complete guide to buying property in Italy for costs and pre-purchase checks.
